Mafatlal Industries Reports Q1 Profit Surge
05 August 2023, Mumbai
Mafatlal Industries Ltd posts impressive Q1 results, with a 73 percent rise in net profit to Rs 27 crore ($3.3 million) compared to the previous year.
Growth kickers
The company's revenue also surges by 52 percent to Rs 608 crore, driven by large state government tenders constituting 71 percent of operations revenue.
CEO M B Raghunath credits strategic execution and outsourcing for sustainable growth and profitability.
Mafatlal Industries, a leading textile player under the Arvind Mafatlal Group, offers a diverse product range, including suiting, shirts, fabrics, and uniforms.
